Genworth Financial, Inc. (NYSE:GNW) on September 13, 2021 revived plans for an initial public offering (IPO) of Enact Holdings, Inc., aiming for a valuation of more than $3 billion for its mortgage insurance unit, according to a regulatory filing. The company had deferred the IPO here in May 2021 due to market volatility, with Chief Executive Officer Tom McInerney saying the market pricing did not accurately reflect the company's value. Enacts existing shareholders plan to raise as much as $266.21 million by selling about 13.31 million shares in the IPO, priced between $19 and $20 per share. Proceeds from the sale will not go to the company. At the upper end of the price range, the company is eyeing a valuation of nearly $3.3 billion. Goldman Sachs and J.P. Morgan are the lead book-running managers for the offering, after which Enact will be listed on the Nasdaq under the symbol ACT.